Quaker Chemical Co. (NYSE:KWR) Shares Bought by KBC Group NV

KBC Group NV lifted its holdings in shares of Quaker Chemical Co. (NYSE:KWR) by 50.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 525 shares of the specialty chemicals company’s stock after buying an additional 177 shares during the quarter. KBC Group NV’s holdings in Quaker Chemical were worth $88,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. raised its position in Quaker Chemical by 112.8% during the third quarter. Harbor Capital Advisors Inc. now owns 8,903 shares of the specialty chemicals company’s stock worth $1,500,000 after acquiring an additional 4,720 shares during the period. 1832 Asset Management L.P. raised its position in shares of Quaker Chemical by 46.3% during the 1st quarter. 1832 Asset Management L.P. now owns 32,570 shares of the specialty chemicals company’s stock worth $6,685,000 after purchasing an additional 10,310 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Quaker Chemical by 3.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 108,122 shares of the specialty chemicals company’s stock valued at $22,193,000 after buying an additional 3,441 shares in the last quarter. Vanguard Group Inc. lifted its stake in Quaker Chemical by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 1,607,511 shares of the specialty chemicals company’s stock valued at $329,942,000 after buying an additional 8,484 shares in the last quarter. Finally, ProShare Advisors LLC boosted its holdings in Quaker Chemical by 68.3% in the 2nd quarter. ProShare Advisors LLC now owns 67,812 shares of the specialty chemicals company’s stock worth $11,508,000 after buying an additional 27,514 shares during the last quarter. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Analyst Ratings Changes

KWR has been the topic of several research reports. Piper Sandler raised their target price on Quaker Chemical from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Royal Bank of Canada reduced their price objective on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. StockNews.com cut shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a research report on Monday, November 4th.

Quaker Chemical Stock Performance

Shares of Quaker Chemical stock opened at $165.19 on Friday. The business’s 50 day moving average price is $163.89 and its 200 day moving average price is $170.25. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 1.97 and a beta of 1.38. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. Quaker Chemical Co. has a one year low of $151.31 and a one year high of $221.94.

Quaker Chemical (NYSE:KWR) last posted its quarterly earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.19). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The company had revenue of $462.27 million for the quarter, compared to analysts’ expectations of $469.17 million. During the same quarter in the prior year, the firm earned $2.05 EPS. The firm’s revenue was down 5.8% on a year-over-year basis. On average, research analysts predict that Quaker Chemical Co. will post 7.78 EPS for the current year.

Quaker Chemical Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.94 annualized dividend and a yield of 1.17%. Quaker Chemical’s payout ratio is 28.45%.

Quaker Chemical Profile

Quaker Chemical Corporation, together with its subsidiaries, develops, produces, and markets various formulated specialty chemical products for a range of heavy industrial and manufacturing applications in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, die-cast mold releases, heat treatment and quenchants, metal forging fluids, hydraulic fluids, specialty greases, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals.